{"id":48513,"date":"2021-11-27T12:25:13","date_gmt":"2021-11-27T05:25:13","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=48513"},"modified":"2021-11-27T12:25:16","modified_gmt":"2021-11-27T05:25:16","slug":"thai-japanese-association-holds-seminar-to-visualize-thailands-post-pandemic-growth-prospects","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/thai-japanese-association-holds-seminar-to-visualize-thailands-post-pandemic-growth-prospects\/","title":{"rendered":"Thai-Japanese Association holds seminar to visualize Thailand’s post-pandemic growth prospects"},"content":{"rendered":"\n

The Thai-Japanese Association, in collaboration with KASIKORNBANK and the Japanese Chamber of Commerce, Bangkok, held a seminar on \u201cThailand Post-COVID-19: Rain or Sunshine?\u201d for the Japanese and Thai business communities to affirm that Thailand is ready to move forward in the post pandemic period. <\/p>\n\n\n\n

Most importantly, the Thai government has a clear policy direction to revive the domestic economy, overcome long-term structural issues and build new supply chains in line with ESG momentum to create a sustainable future.\u00a0<\/p>\n\n\n\n

The seminar began with an opening remark by\u00a0H.E. Supattanapong Punmeechaow<\/strong>, Thailand\u2019s Deputy Prime Minister. He reaffirmed investors\u2019 confidence that \u201cthe Thai economy has already passed its bottom in the third quarter of this year and entered the stage of sunrise\u201d and that \u201cthe new economic landscape for Thailand after COVID-19 is full of opportunities. To grasp them, it requires not only strengthening our existing flagship industries, such as tourism, health care, food for the future, automotive industry, but also paying attention to the climate change issue.\u201d <\/p>\n\n\n\n

Subsequently,\u00a0H.E.<\/strong>\u00a0Kazuya Nashida<\/strong>, Japanese Ambassador to Thailand, envisaged the future of Japanese-Thai cooperation as \u201ca partnership of co-creation\u201d and mentioned that \u201cJapan and Thailand can jointly create new value and innovation. I believe that the relationship between Japan and Thailand, which has long been developed, can be an equal one where we share wisdom together and complement each other to create innovation with the aim of making a better society.\u201d<\/p>\n\n\n\n

Siam Piwat announces \u201cPARALLEL WORLD\u201d to revolutionize the retail experience<\/a><\/p>\n\n\n\n

ARV hosts panel discussions on the future of AI and robotics development<\/a><\/p>\n\n\n\n

The seminar was followed by a panel discussion to visualize the policy landscape. Although large fiscal resources were employed to mitigate the COVID-19 impact,\u00a0H.E. Arkhom Termpittayapaisith<\/strong>, Minister of Finance, assured that \u201cat present, Thailand\u2019s fiscal status is still strong. The government’s fiscal position has sufficient liquidity for the government’s policy implementation.\u201d Regarding the concerns over the public debt level which its ceiling was lifted from 60% to 70%, \u201cthe public debt level is not a key point of focus. <\/p>\n\n\n\n

The government would rather focus more on debt affordability by closely monitoring the interest burden as compared to collected revenue.\u201d H.E. Arkhom emphasized that to address climate change issues, the government aims to promote usage of electric vehicles to tackle CO2 and PM 2.5 and eventually to promote Thailand as an automotive hub.\u00a0<\/p>\n\n\n\n

Later,\u00a0Danucha Pichayanan<\/strong>, Secretary General of NESDC explained that the government is well aware of key structural issues including aging society, labor shortage, education and infrastructure and plans for Thailand\u2019s transformation based on 4 key development dimensions \u2013 targeted manufacturing and service sectors, socio-economic opportunity and equity, sustainability and key enablers, especially high-performance workforce and streamlining government process. <\/p>\n\n\n\n

Meanwhile,\u00a0Duangjai Asawachintachit<\/strong>, Secretary General of BOI explained that BOI is shifting its policy focus towards a sector-based approach and providing greater investment incentives to promote higher value-added supply chains, higher technological content, and industrial transformation. BOI also provides incentives to attract international talents to work in Thailand to mitigate skilled-labor shortage issues.\u00a0<\/p>\n\n\n\n

Afterwards, H.E.<\/strong> Varawut Silpa-archa<\/strong>, Minister of Natural Resources and Environment, provided a keynote address on Thailand\u2019s shifting towards ESG. He emphasized the need for participation from all levels that \u201cit is imperative for governments, businesses and civil society to work together through public-private partnerships in climate action networks, carbon market mechanisms as well as regional and international cooperation. Plenty of business opportunities including industrial de-carbonization are open to us, but we have to act now\u201d.<\/p>\n\n\n\n

The seminar was followed by a panel discussion on the improvement of Thailand\u2019s business environment through regulatory and public sector reform. Business facilitation is vital for the country, in which the public sector plays an important role in providing a sound and good ecosystem for businesses. The Thai government prioritizes digital transformation by reviewing working processes and digitizing data so that information can be connected and shared among government agencies.\u00a0<\/p>\n\n\n\n

Onfah Vejjajiva<\/strong>, Secretary General, Office of the Public Sector Development Commission mentioned that \u201cwe are moving towards digital transformation to become an efficient and effective digital government that responds to the people, foreign investors, and businesses.\u201d Meanwhile,\u00a0Dr. Kobsak Pootrakool<\/strong>, Chairman of the subcommittee on business activity regulation reform emphasized that \u201cto attract FDI into Thailand, the most important thing is to reduce unnecessary rules and regulations.\u201d The government plans to relax regulations to enable investment in S-curve industries, including immigration rules to attract global talents.\u00a0<\/p>\n\n\n\n

Subsequently, the seminar today was also attended by other high-profile businessmen, Mr. Vikrom Kromadit, Chairman of the Board of Directors of Amata Corporation and Mr. Noriaki Yamashita, President of Toyota Motor Thailand, as well as Mr. Atsushi Taketani, Chairman of JETRO Bangkok, to reflect some of key investment challenges for Thailand in moving towards a better operational business environment and becoming competitive among global and regional investment destinations. <\/p>\n\n\n\n

Last but not least, Kalin Sarasin<\/strong>, the President of Thai-Japanese Association and Senior Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand concluded that \u201cThailand’s overall business environment is undoubtedly at sunrise. The growth path is lying ahead but the task ahead of us will not be easy. To that end, we’ve convened this critical seminar because we know that confronting today’s economic issues as a result of COVID-19 will demand our concerted and collaborative efforts. Let us work together to ensure that our multi-stakeholder collaborations succeed to help Thailand build back better and towards sustainable and resilient society.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Thai-Japanese Association, in collaboration with KASIKORNBANK and the Japanese Chamber of Commerce, Bangkok, held a seminar on \u201cThailand Post-COVID-19: Rain or Sunshine?\u201d<\/p>\n","protected":false},"author":8,"featured_media":48584,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,118],"tags":[3944,10715,10716],"class_list":["post-48513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en","category-the-story-special","tag-kasikornbank-2","tag-thai-japanese-association","tag-japanese-chamber-of-commerce"],"yoast_head":"\nThai-Japanese Association holds seminar to visualize Thailand's post-pandemic growth prospects - The Story Thailand<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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